UGC NET 2025 Economics Question Paper (07-Jan-2026) (Shift 1)

Question 1

In a situation of decline in price of a Giffen Commodity, we find :

Accepted Answer

positive substitution effect is less than negative income effect

Answer

positive substitution effect is more than negative income effect

Answer

negative substitution effect is more than positive income effect

Answer

negative substitution effect is less than positive income effect

Question 2

In a population of men in a city, 3% are observed to suffer form cancer, 15% are found to be smokers, while 10% are noticed to be either smokers or cancer patients. If a man is selected at random, what is the probability that he is a smoker and suffering from cancer ?

Accepted Answer

0.08

Answer

0.8

Answer

0.02

Answer

0.2

Question 3

The following statements are made in the Union Budget for the year 2025-2026 : A. The FDI limit for the insurance sector will be raised from 74 to 100 percent B. The FDI limit for the insurance sector will be raised from 51 to 74 percent C. An investment Friendliness Index of states will be formed D. The fiscal deficit is estimated to be 4.4 percent of GDP Choose the correct answer from the options given below :

Accepted Answer

A, C and D only

Answer

B, C and D only

Answer

A, B and C only

Answer

C and D only

Question 4

Which of the following are called "club goods" ? A. Railways B. Swimming pool C. Defense D. Gym Choose the correct answer from the options given below :

Accepted Answer

B and D only

Answer

A and B only

Answer

B and C only

Answer

A and D only

Question 5

Which of the following approach has included Time Deposit with commercial banks in the difinition of Money Supply ?

Accepted Answer

The Chicago Approach

Answer

The Conventional Approach

Answer

The Fed Approach

Answer

The Walters Approach

UGC NET 2025 Economics Question Paper (07-Jan-2026) (Shift 1)

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